Ask Experts Questions for FREE Help !
Ask
    cynamonspice28's Avatar
    cynamonspice28 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Feb 25, 2008, 11:29 AM
    Noncurrent assets
    When dealing with noncurrent assets what is the difference between land as noncurrent and land held by a real estate?
    SeanF138's Avatar
    SeanF138 Posts: 11, Reputation: 2
    New Member
    		  
    #2

    Feb 26, 2008, 10:16 AM
    Land held by a real estate includes land and anything else that is not removeable such as buildings, sheds, houses, etc... So Land as noncurrent is just the physical land minus the buildings and such.
    MaggieMouse's Avatar
    MaggieMouse Posts: 226, Reputation: 8
    Full Member
    		  
    #3

    Feb 29, 2008, 08:37 AM
    And land does not depreciate, but building does.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Noncurrent assets [ 1 Answers ]

I have a question about noncurrent assets. How do you figure that out if current assets equal $25,000 liablilities equal $40,000 and owners equity equals $55,000 what is thenoncurrent asset? Some help would be greatly appreciated Thank you Hope

Is patents ( Intangible assets) added in total assets on balance sheet [ 2 Answers ]

Is the patents (Intangible assest)amount added to the current assets amount on a balance sheet. Help Thanks

Assets [ 2 Answers ]

Hi what lists the firm's assets as well as claims against those assets?

Assets [ 4 Answers ]

Some companies have an asset account called "Renovations". If renovations should be considered an asset, then shouldn't repairs of capital assets be as well? I'm asking this because my textbook puts repairs immediately in the expense account.

Assets [ 1 Answers ]

I have a savings and checking account in a bank. I have both in trust accounts, in case I die the money would go to my children. I am 68 yrs old. I have some stocks, and annuities. How can I protect the (Mostly) the SAVINGS account, so it cannot be attached by a lien, or lawsuit.

View more questions Search